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Title: Bitcoin Purchase Rebalance Expected Amid Uncertainty Over Next Move
As the price of Bitcoin (BTC) continues to plummet, market analysts are warning that a significant rebalancing is imminent. This comes as a result of recent large-scale purchases by institutional investor Samson Mow, which has led to speculation about potential future buys.
According to sources familiar with the matter, Samson Mow’s most recent purchase was made in line with their strategy of buying at discounted prices. This move has sparked an intense debate within the crypto community, as traders scramble to rebalance their portfolios.
The market is now on high alert for any indication that another buy-up announcement might be imminent. Despite uncertainty surrounding this possibility, many are speculating about a potential retest of previous price levels in anticipation.
At the time of writing, Bitcoin has dropped 3.54% in the past day to $94,243.24.
It remains unclear whether another purchase will occur in the coming week, but market participants anticipate a major rebalancing in response to any announcement.
Source: u.today
